Political Quotes

“The statement describes the bill as a balanced and well- crafted effort to enhance the services to patent applicants and America's innovators provided by the U.S. Patent Office. The Statement of Administration Policy emphasizes the bill supports the USPTO's efforts to improve patent quality, reduce the backlog of patent applications, reducing domestic and global costs for U.S. companies. I underscore these points because they are exactly the goals Chairman Smith of the other body and I set out to achieve when we first introduced patent reform legislation 6 years ago. It has been over half a century since our patent laws were updated. Look at the changes that have occurred during that time. We have become even more of a global economy than ever before. We have become more of an innovative economy than ever before. Improving patent quality will benefit businesses across the economic spectrum. The America Invents Act will improve patent quality by expanding the role of third parties to the patent examination process, creating a streamlined first-window, postgrant review to quickly challenge and weed out patents that never should have been issued in the first place. It improves the funding mechanism for the Patent Office to confront its backlog of nearly 700,000 patent applications. Those are patents that could be creating jobs and improving our economy.…”